The first chapter focuses on the general recapitulation of house mortgage loan securitization.

第一章是住房抵押贷款证券化概述。

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While housing mortgage loan has asset scale and good quality, which suits to be the point of tangency into asset securitization of our country.

而住房抵押贷款所具备的资产规模和良好质量，也十分适合作为我国资产证券化的切入点。

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In the course of its operation, the securitization of housing mortgage loan has been confronted with such issues as risk control, law regulation and taxation.

住房抵押贷款证券化在其运行过程中，面临着风险控制、法律规制和税收等诸多方面的问题。

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In the process of loan securitization the mortgage, or deed to property backing up a loan, is usually separated from the note, or obligation of the borrower to pay.

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